Biorefinery Market to Grow with an Exceptional CAGR Through 2028
The increase in environment awareness is a significant factor driving the growth of the Global Biorefinery market in the forecast period of 2024-2028. According to the TechSci Research report, " Biorefinery Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F " , the Global Biorefinery Market is anticipated to expand in the coming years. The rapid increase in population poses significant challenges, such as steadily increasing demand for food, energy, and water, contributing to climate change and it becomes an alarming situation for the world. Therefore, the government and world needs to take action to reduce greenhouse gas emissions (GHG). Society and the economy rely heavily on energy, from fossil fuels. According to EIA, 84% of the world's energy comes from fossil fuels, and demand is expected to rise as global energy consumption rises by 53% by 2035. Moroever, unconventional fossil resources such as tar sand oil, shale gas,...